We are pleased to announce that Moody’s Ratings has upgraded the long-term deposit ratings of Garanti BBVA International (GBI) from Baa3 to Baa2, one-notch above investment grade threshold. Furthermore, the outlook on GBI’s long-term deposit ratings remains positive.
Moody’s has also upgraded GBI’s long-term Counterparty Risk Ratings (CRRs) to A3 from Baa2 and the long-term Counterparty Risk (CR) Assessment to A3(cr) from Baa1(cr), while affirming its BCA.
This rating action by Moody’s is a reflection of GBI's strong capitalization and solid liquidity base, together with the improving recurrent profitability and good cost efficiency.
For more details, please read the full Moody’s press release below.
About Garanti BBVA International
Garanti BBVA International (GBI) is a leading bank offering a wide range of financial services globally. With a strong focus on innovation and reliability, GBI continues to uphold its reputation for excellence in the banking industry.
